Latham & Watkins Advises Pine Gate Renewables in Chapter 11 Restructuring and Sale Process, Securing Over US$900 Million Interim DIP Financing

Latham & Watkins represented Pine Gate Renewables, LLC and certain subsidiaries in connection with the company's strategic Chapter 11 filings and concurrent sale process. Pine Gate Renewables, a leading developer and owner-operator of renewable energy projects across the United States with more than US$7 billion of funded debt and equity capital, has initiated a value-maximizing sales process for substantially all of its assets and business operations. The company said its operations will continue uninterrupted while it engages multiple interested parties in a competitive process to transition ownership of its solar and energy storage project fleet, preserve jobs and maximize value, with a view to confirming a Chapter 11 plan. To facilitate the sales process, Pine Gate and certain subsidiaries commenced voluntary Chapter 11 proceedings in the US Bankruptcy Court for the Southern District of Texas. At a hearing on November 10, 2025, the court approved more than US$900 million in interim Chapter 11 debtor-in-possession (DIP) financing, the company’s proposed bidding procedures, and a series of operational motions designed to ensure ordinary-course operations during the restructuring and sale process. Latham & Watkins represented Pine Gate Renewables, LLC and certain subsidiaries with a team composed by: Restructuring & Special Situations partners Ray C. Schrock, Andrew M. Parlen, Alex W. Welch and Jason B. Gott and associate Jonathan C. Gordon, supported by the firm’s corporate, finance, tax, regulatory and litigation teams.

Latham & Watkins Advises Pine Gate Renewables in Chapter 11 Restructuring and Sale Process, Securing Over US$900 Million Interim DIP Financing

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